Wednesday, June 6, 2012

The following article will overview some of the most important steps for managing non-profit credit card processing risk in online transactions. These processes can be identified as the basic structure for the bigger world of e-commerce merchant account best practices.

Setting Up the Non-Profit Credit Card Processing Structure

An organization's exposure to online non-profit credit card processing risk is dependent on its concrete business practices, operational procedures, fraud detection and prevention set-up, information security controls, as well as the kind of products or services being sold. The organization's entire staff will need to achieve a detailed understanding of the risks present in any online transaction and will have to be proficient in their specific risk control approach.

If the non-profit has not yet opened up an e-commerce website, it will have to contract with a non-profit credit card processing bank that can provide efficient risk management support and, just as importantly, a complete understanding of online payment acceptance fraud risk and liability. Each entity will also have to closely evaluate each merchant services provider prior to finalizing an agreement. What has to be clearly understood is whether or not the payment processor has the capabilities and expertise to keep the account information safe and minimize fraud losses.

Designing the Non-Profit Credit Card Processing Website

When developing a website for accepting donations, the non-profit have to always keep first in mind operational procedures and risk factors. They should carefully evaluate privacy concerns, service reliability, credit and refund policies, as well as donor support access.

The non-profit's donation processing function can allow it to efficiently and safely address a host of risk issues. The organization can collect necessary payment card and donor details through such processes as indicating required checkout information fields and verifying bank card and donor data that is collected over the internet.

Fraud-screening procedures can help non-profits limit fraud for big-item sale amounts and for high-risk transaction items. By screening such online credit card transactions intelligently, the organization can avoid fraud sales before they result in a loss.

To limit their exposure to online risk, the non-profit will need to select and institute the right combination of fraud prevention and detection services. There are any number of options available now to help non-profits do that.